Halifax offers quality financial services and banking products to British citizens. Although the bank emphasizes helping people with their mortgages, it offers many options to aid its customers.
One of the most popular Halifax products is the credit card, which helps many manage their spending on purchases. They can also receive great deals and benefits using these credit cards for shopping, travel, etc.
Among these Halifax credit cards, the Cashback credit card is new and has many great perks and features. Learn more about the Halifax Cashback credit card below and discover how to apply for the Halifax Cashback credit card.
- Discover Halifax Bank
- Halifax Cashback Credit Card
- What Are the Pros of the Halifax Cashback Credit Card?
- Card Fees and Charges
- What Are the Benefits of the Halifax Cashback Credit Card?
- What Are the Eligibility Criteria for the Halifax Cashback Credit Card?
- Halifax’s Address and Contact Details
Discover Halifax Bank
Halifax, which used to be called Halifax Building Society and is often called “The Halifax” informally, is a British bank brand. It is a trading division of Bank of Scotland, a wholly-owned subsidiary of Lloyds Banking Group.
It started as a building society in Halifax, West Yorkshire, in 1853. It continued to grow and do well until 1997 when it stopped being a mutual organization.
At present, Halifax offers banking services and financial products to its customers. People can open bank accounts in Halifax. Check the other products and services provided by Halifax below.
- Overdrafts
- Savings
- Loans
- Credit Cards
- Car Finance
- ISAs
- Mortgages
- Insurance
- Investing
- Wealth Management
- Retirement
- Send Money Abroad
- Travel Money
- Online Banking
- Mobile Banking
These Are the Halifax Credit Cards
Halifax ensures that its customers will have a wide array of options for credit cards, so they can find the best one that fits their needs and lifestyles. On Halifax’s website, people can use the Simple Check tool to see the eligibility for applying for a credit card, which can help them decide on the best card.
There are five credit card options available for Halifax customers.
- Everyday Spending Credit Cards – best for shopping, bills, and any other day-to-day spends
- Balance Transfer Credit Cards – best for moving over balances from other credit or store cards
- Large Purchases Credit Cards – for a flexible way to pay for large purchases
- Travel Credit Cards – the credit card best to use at home and overseas
- Cashback Credit Cards – best for earning rewards and cashback for every eligible pound spent
Halifax Cashback Credit Card
Halifax has released a new cashback credit card with no annual fee and up to 0.5% cashback on purchases, plus a £20 bonus if you spend £1,000 in the first three months.
With careful use, a cashback credit card can be a great way to get money back on both small and big purchases. Moneyfacts, a website with information about money, says that this is the first cashback credit card to come out since July 2021, when Lloyds Bank released one.
The Halifax Cashback credit card could be the answer if you want a card that lets you earn cashback on almost all of your everyday spending. Even though it does not give as much cash back as some other deals on the market, it makes up for this by not charging an annual fee or limiting how much you can earn.
You can get up to 0.25% cashback on your first £4,000 purchases yearly and 0.5% cashback on all purchases after that.
Basic Features of the Halifax Cashback Credit Card
You will not receive cashback on any balance, money transfers, or other transactions. These are the only types of activities that are excluded from this policy.
However, this is pretty much par for the course regarding cashback cards. You should try making most of your everyday purchases with your credit card to maximize the amount of cashback you earn.
However, you must pay off your balance in full each month. If you do not do this, the amount of interest you will be charged may considerably exceed the amount of cashback you earn.
What Are the Pros of the Halifax Cashback Credit Card?
The card comes with a variable annual percentage rate of 19.9% and does not charge a yearly fee (variable). In addition, new customers who register an account will be eligible for an introductory offer in which they can earn a cashback bonus of £20 if they spend one thousand pounds within the first ninety days of doing so.
To be eligible, you must ensure that you make your required minimum payment on time and do not exceed your credit limit. There is no limit to the amount of cashback you can earn. It will accumulate from the first of the year until the last day.
You can track how much cashback you’ve earned each month on your monthly statements. However, cashback is only paid out once a year in the form of a lump sum deposited into your account in January.
This could be a helpful boost to get the new year off to a good start, but remember that although the cashback you receive could reduce the sum owed on your credit card, it will not count toward your required minimum payment.
What Are the Cons?
There are a few categories of acquisitions that do not qualify for cashback rewards. This category includes balance or money transfers, cash withdrawals, gaming transactions, payment protection, and payments to current accounts, savings accounts, and share-trading accounts.
If you do not clear the whole amount each month or have an introductory rate, you will be charged interest on the balance of your credit card. Therefore, paying back what you owe as quickly as possible is best.
Card Fees and Charges
Halifax boasts that its Cashback credit card requires no annual or monthly fees. It is also one of the best low-interest cards in the market today. Check below the other fees, charges, and rates for the Halifax Cashback credit card.
- Annual/monthly fees – £0
- Minimum monthly payment – 2.5% or £5 (whichever is greater) or the total of any interest, default fees, and charges plus 1% of the outstanding balance
- Annual Percentage Rate – 19.94% variable
- Balance transfer fee – 5%
- Foreign usage charge (EU) – 2.95%
- Foreign usage charge (rest of world) – 2.95%
- Cash advance fee – 5% (min. £0)
- Late payment fee – £12
- Duplicate statement fee – £0
- Exceeding limit fee – £0
- Additional card fee – £0
- Replacement card fee – £0
- Dormancy fee – £0
What Are the Benefits of the Halifax Cashback Credit Card?
You could receive cashback on purchases that you regularly make, such as your morning coffee, groceries for the week, gas, or meals eaten out, in addition to larger expenditures that you make occasionally. It also includes transactions made via contactless payment systems and online.
When calculating cashback for each purchase, two decimal places following the penny are rounded to the next whole number.
The bank shall deduct cashback from purchase refunds, credit adjustments, or fraudulent transactions for the month in which the refund or adjustment was made, and they will do so at the rate at which you presently earn cashback. If this causes the cashback amount that appears on your bill to be negative, Halifax will not deduct any money from your account.
Other Benefits Available
You will not be responsible for fraudulent transactions that occur in person or through the internet (including contactless transactions). Please let the bank know as soon as you become aware of any strange transactions or if you become unable to locate your card.
Internet Banking, the Mobile Banking app, and Telephone Banking are all options for you to use to manage your credit card. You also have the option to go into the branch. Signing up for free SMS alerts will help you stay on top of your finances and other important matters.
Direct Debits may be set up, more cardholders can be added, and account maintenance can be performed in seconds. Setting up a direct debit for the full balance every month is the easiest way to ensure you pay off your balance on time.
What Are the Eligibility Criteria for the Halifax Cashback Credit Card?
The Halifax Cashback credit card is one of the cards that can help you build your credit score. It only has a relatively low-interest compared to other credit cards in the market.
Thus, Halifax made it available for everyone, even for those who do not have a prior Halifax account. They only need to meet the general eligibility criteria for the Halifax Cashback credit card.
- Must be of legal age (18 years old)
- Must be a British Citizen
- Must have a stable source of income
- Must not have any bankruptcy or bad credit history
How Do You Apply for the Halifax Cashback Credit Card?
You can apply for the cashback credit card right now, but before you do, you should use Halifax’s Simple Check service, an online eligibility checker, to get an idea of the credit limit you might be given.
Halifax allows you to apply online on its official website, wherein you will only need to supply the required information and provide required documents. The result of the application is usually given after a few banking days.
Halifax’s Address and Contact Details
The Mound, Edinburgh EH1 1YZ, is where the registered office is. Halifax, P.O. Box 548, Leeds, LS1 1WU, UK, is where the bank’s main office is.
You may also call them through their phone number at 0345 720 3040.
Conclusion
The Halifax Cashback credit card is a good option if you are searching for a rewards credit card that can be used for most purchases.
Note: There are risks when applying for and using a credit card. For more information, please see the bank’s Terms and Conditions page for the Halifax Cashback credit card.
